So Uber as a company loses $32B. Plus Lyft, call it $40B. … It also became a verb and played a huge part in changing how people move around, particularly in cities. … Serious question, is it possible the traditional way of looking at this misses something? This feels like calling Donald Trump a failure. Sure, he is in many ways. Uber failed … is failing? Except it’s the only way to get from A to B in some spots.
Who lost money, shareholders?
So consumers gained?
Can money be destroyed? Isn’t it like energy, it just moves?
I think the only big problem with Uber is the name - to Nazi-ish imo. If they had gone with something like EverSoft, WayWare or Etits! might have only lost 20 billion.
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I don’t know that the overall era of Uber/Lyft was a failure in that it basically took a ton of monetary value from investors and transferred that to both employees in the form of salaries and consumers in the form of heavily subsidized rides for a decade.
The problem is what comes next, where cities have built and planned with Uber in mind, and alternatives to Uber/Lyft have gone by the wayside as they’ve been priced out by a non-sustainable competitor.
I don’t know what Etits is, but I’m already hyped to invest.
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Somebody needs to create an Uber for naming companies.
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But this isn’t a problem. This is the very thing which drives investment.
Namr.
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I think sometimes they are called DDtits.
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I just assumed these were FCFS and inexplicably no one already had it. But seems like my assumption may be wrong.
TIL not only is it not FCFS but not all of the single letter tickers are even taken at the moment. We could take unstuck public and trade under U.
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By shipping special cabinets to persons with unique tastes
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I don’t think Unity Software (whatever that is) would like that very much.
It’s a major game development platform. You’ve probably played games made with it if you play any games at all.
Looks like my article was out of date. 
personally I’d make the stock ticker USUCK
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As a W employee, it does not feel fun to be on that list. I think we have a better chance of making it out than most though. Drop ship e-commerce is something that can be profitable
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I appreciate that I should want the market to fall when I’m in my pre-retirement phase, the same way that I should like when stuff goes on sale at the store.
But man, I just FEEL better when my stonks are stonking.
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I have trained myself to feel good when the market goes up or down. Up = I knew these things would STONK and now I have more money, I am a super genius investor! Down = You fools, now I can buy more shares at bargain prices, I am a super genius investor!
It’s objectively stupid but like a lot of stuff it’s a framing that is illogical but promotes good behaviors so I’m going with it.
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When we’re not stonking I tend to click on “5Y” and “10Y” to try and feel better.
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I actually want the market to go down. I make a lot more money now than I did when I first started saving for retirement which means the value of being able to buy at discounted prices over the next year or two is definitely higher than the need for my initial investments to stonk even harder.
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